BlackRock ETF scoops up 3.25% of Bitcoin supply as ‘new money’ dries up 📈
BlackRock's ETF is approaching a significant milestone, closing in on the $70 billion mark. This development highlights the growing influence of large investors in the Bitcoin market, as they account for a substantial portion of transactions. With BlackRock's ETF securing 3.25% of the total Bitcoin supply, the trend underscores the dwindling influx of new money into the cryptocurrency space.
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